WestMountain Gold’s official committee of unsecured creditors and Giuseppe Dessi, Gordon Investments (Alaska) filed with the U.S. Bankruptcy Court separate objections to the Disclosure Statement that accompanies the Plan of Reorganization dated June 26, 2017. The creditor’s committee asserts, “The Disclosure Statement, similar to each respective debtor’s bankruptcy schedules, does not adequately separate their respective…

China Fishery Group’s Chapter 11 trustee filed with the U.S. Bankruptcy Court a notice of sale of non-debtor real estate in accordance with non-debtor asset sale order. The sale notice states, “The Trustee intends to sell the property located at Calle Manantial No. 265, Urbanizacion La Planicie, District of La Molina, Province and Department of…

Terravia Holdings’ ad hoc consortium of holders of convertible senior subordinated notes filed with the U.S. Bankruptcy Court an objection to the Debtors’ bidding procedures motion. The noteholders assert, “First, the Bidding Procedures limit the Debtors’ ability to consider plan-based and other alternatives throughout the sale and auction process. As currently proposed, the Bidding Procedures…

Navillus Group, Fair Lakes Crabhouse (FLC) and Washingtonian Associates (Washingtonian) (collectively the ‘Objecting Landlords’) filed with the U.S. Bankruptcy Court an objection to Ignite Restaurant Group’s motion for entry of an order approving the disclosure statement; procedures for the solicitation and tabulation of votes to accept or reject the debtors’ chapter 11 plan; and related…

In Form 10-Q filed on August 8, 2017, EXCO Resources, Inc. announced operating and financial results for second quarter 2017. According to EXCO Resources, the Company’s liquidity is not expected to be sufficient to support the cash interest payments due under its outstanding indebtedness for the following twelve-month period or to repay the outstanding indebtedness…

BankruptcyData’s detailed analysis and summary of Implant Sciences’ First Amended Joint Plan, dated June 14, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on August 3, 2017; however, an effective date has not yet been issued. BankruptcyData notes, “The Plan provides for the substantive consolidation of the Debtors and provides for the…

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